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S&P 500 Erases Loss as Fed Minutes Overshadow Energy Decline

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Fed Guide: What Are the Catchphrases to Look for?

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The Standard & Poor’s 500 Index erased a loss, after climbing to a record on Tuesday, as speculation that the Federal Reserve will keep rates lower for longer overshadowed a drop in energy shares.

The S&P 500 slipped less than 1 point to 2,099.68 at 4 p.m. in New York, after losing as much as 0.4 percent. The Dow Jones Industrial Average lost 17.73, or 0.1 percent, to 18,029.85. About 6.2 billion shares changed hands on U.S. exchanges, 11 percent below the three-month average.